If you happen to be selling a property in 2022, conditions might be a little bit different this year than in the past year as there’s still a projected 2.9% increase in median home prices in 2022 compared to last year’s 12% per Realtor.com. Meaning that this is yet another opportunity as it is still a seller's market. Here are some tips on how to get the top dollar for your property this 2022.
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Pay attention to curb appeal on your property. Start with your home exterior as this is the first thing that will make an impression on buyers. Make sure to power wash any debris within your pathway all the way to your garage. If you have garden plants, make sure to remove the dead ones.
Next, make sure to work on your interiors. Fix any furniture, loose screws, and bolts. Focus on lighting fixtures to your advantage that will compliment the season as this will also make an impact on buyers when doing an open house. Make sure that everything is squeaky clean and reorganize your furniture.
Create a checklist of the items you have to do before selling. Small things missed now can turn into large headaches later. If you are having difficulty staging your home, do not hesitate to hire a professional stager as their recommendation will definitely add value to your home.
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Another important factor to consider when selling your home is the season you are selling in. Summer and winter seasons can have a huge effect on the housing market and can differ massively based on the location. Selling your home in the wrong season could cost you big. Do your research on the area you are selling the property and see if waiting might be the best option for you.
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Research the area you are interested in selling your home. Check the average value for similar properties in the region so you have a better understanding of the market. Pricing the home a little higher than the market average could give you more room to negotiate. Unfortunately, higher-than-average costs could turn off some potential buyers.
This is where checking the overall market comes into play. Use a Home Evaluation tool to see what your property and similar homes near you are currently selling for. See if the market currently favors the “Buyers” or “Sellers” and depending on the market, this could give you much more negotiating power.
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Look for an agent that will help you all the way through the process from listing, offers, and closing the deal. Look for someone with vast experience in the home industry that will give you the right valuation for your home. Be aware of all fees, you and your agent should be black and white when it comes to commission and all-around fees. Make sure that everything is drafted in your contract before agreeing/ signing the deal. Last but not least, always remember to ask a lot of questions to your real estate agent.
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Of course. Once you make progress and completely sell your home, you need to have a place to stay, right? While in the process, try looking for your future home by searching for an area where crime rates are lower, away from floods and natural disasters, and a place where you can stay for the next 10-15 years or more. Also, look for a property that will yield a higher price if you plan to move again after the next 10-15 years.
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